Goldman Sachs To Bolster Crypto Team With New Hires Following Layoffs

In January 2023, Goldman Sachs, a multinational investment bank, announced plans to cut around 3,200 staff as part of a cost-cutting exercise. However, despite this move, the bank remains open to hiring new talent in the cryptocurrency space. дальше »

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Goldman Sachs still open to crypto hires amid massive 3,200 staff cut

Goldman Sachs digital asset lead Mathew McDermott said the bank remains “hugely positive” on exploring blockchain applications.

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Marinade Finance’s Brandon Tucker says key updates will cut future Solana outages

Solana blockchain went offline for 20 hours last weekend. Marinade Finance’s Brandon Tucker says upcoming updates will significantly reduce futures outages. But technical and human errors remain a concern for crypto and users need to have this outlook “hard-wired into any risk profile. дальше »

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Bitcoin Depot updates software in its ATMs to cut expenses

Bitcoin Depot upgrades 7,000 crypto ATMs to software-based service, eliminating yearly software license costs and cutting expenses. They also plan to go public in 2023. дальше »

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Are Ankr Protocol's long-term holders back to take their cut in the market

Several ANKR dormant addresses began transferring the token to exchange after a recent value hike. Investors sentiment has decreased but circulation remains high. Holders of Ankr Protocol [AThe post Are Ankr Protocol's long-term holders back to take their cut in the market appeared first on AMBCrypto. дальше »

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Polygon Labs lays off employees from multiple teams

Polygon Labs has cut its headcount by 20 percent The platform has over $250 million in its balance sheet and nearly 2 billion MATIC Polygon Labs has joined a slew of crypto firms that have lThe post Polygon Labs lays off employees from multiple teams appeared first on AMBCrypto. дальше »

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Huobi crypto exchange aims to expand to Hong Kong amid regulatory changes

The cryptocurrency exchange recently cut 20% of its staff, but now it will increase its personnel in Hong Kong from 50 to 200.

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Nail in the coffin for 2023 rate cut hopes in light of January inflation report

Quick Take The change in expectations from the market of the future fed policy during February has been significant. The post Nail in the coffin for 2023 rate cut hopes in light of January inflation report appeared first on CryptoSlate. дальше »

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Coinbase Price Target Cut by JPMorgan Due to Regulatory Risks

Analysts at J.P. Morgan cut their price target for Coinbase (COIN) stock from $60 to $52 for the year ending in December, a report from the bank on Friday showed. дальше »

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Analyst: this bitcoin stock is a better buy than Coinbase

D.A. Davidson analyst downgraded Coinbase stock on Thursday. Chris Brendler says RIOT has potential to rally a lot more. Both crypto stocks are currently up more than 100% for the year. The massive year-to-date rally in Coinbase Global Inc (NASDAQ: COIN) should be seen as an opportunity to cut your exposure to this name, says […] The post Analyst: this bitcoin stock is a better buy than Coinbase appeared first on CoinJournal. дальше »

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Banks cut crypto ties amid regulatory scrutiny

U.S. lenders are distancing themselves from crypto companies in the wake of increased scrutiny of the industry by regulatory agencies in the country. дальше »

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Sam Bankman-Fried Should Be Cut Off From the Internet: Prosecutors

Since hes so willing to circumvent his bail conditions, Sam Bankman-Fried should be cut off entirely from the internet while he awaits trial, say prosecutors. A Technologically Sophisticated Person Prosecutors... дальше »

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Charles Gasparino Says SEC Wants to "Cut Off" Crypto After FTX Debacle

Charles Gasparino says SEC's new disposition toward crypto is fueled by FTX дальше »

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As Its Central Bank Limits Cash And Pushes A CBDC, Nigeria Needs Bitcoin

Following an unsuccessful CBDC launch, Nigeria’s central bank is now trying to cut off cash. Bitcoin can help Nigerians find sovereignty. дальше »

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Filecoin [FIL] investors who are about to cut losses should read this

Filecoin's Virtual Machine (FVM) to launch on mainnet in March 2023. Market indicators and on-chain metrics of the FIL coin were bearish.  Filecoin [FIL] released its latest edition of FileThe post Filecoin [FIL] investors who are about to cut losses should read this appeared first on AMBCrypto. дальше »

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Banks under pressure from U.S. authorities to cut ties with crypto firms

United States authorities are allegedly discouraging banks from offering services to the crypto industry.

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The U.S. Government Wants to Cut Off Crypto’s Access to Banks: Nic Carter

Crypto companies may soon find themselves deprived of banking services in the United States, just like online poker was during the Obama era, says Nic Carter. Operation Choke Point 2.0... дальше »

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Nigerians Are Fighting For Their Own Money And Bitcoin Can Help

As Nigerians have been cut off from access to their own money amid a banknote redesign, Bitcoin is the best chance to reinvent the system. дальше »

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Protocol Labs, Chainalysis and Bittrex add to crypto layoff season

Crypto execs suggested that the “extremely challenging” times forced them to cut jobs to “weather this extended” crypto winter.

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Crypto companies cut staff in latest rounds of layoffs

Crypto companies laid off at least 3,000 employees in January, citing market conditions and the post-FTX regulatory landscape. Let’s review which businesses announced the cuts. Last year, companies cut more than 26,000 crypto-related positions. дальше »

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Blockchain Analytics Firm Chainalysis to Cut Jobs in Reorganization

The cuts will reportedly affect less than 5% of Chainalysis' staff, or about 40-50 people. дальше »

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Huobi to cut 20% of its workfoce

Huobi Global, a prominent global cryptocurrency exchange, has declared that it will be releasing nearly 20% of its employees.  дальше »

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Floki Inu price soars on DAO proposal to burn 4.97 trillion FLOKI

Floki Inu will burn 4. 97 trillion FLOKI tokens worth over $55 million if the DAO vote passes. The meme coin project is also looking to cut transaction tax from 3% to 0. 3% and permanently disable the cross-chain bridge. дальше »

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Crypto bank Silvergate suspends preferred stock dividend

Crypto-friendly bank Silvergate announced its suspended payment of dividends on its series A preferred stock. The company’s shares fell more than 11% pre-market after the announcement. Silvergate reported a $1 billion loss in the fourth quarter and also cut its staff by 20% amid the crypto bear market and impact of FTX collapse. дальше »

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DCG subsidiary Luno to sack 35% of its employees

Luno, a crypto exchange subsidiary of the Digital Currency Group (DCG), announced that it plans to cut about 330 of its 960 global workers. дальше »

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Crypto Exchange Gemini Cuts 10% Of Its Workforce

Despite the ongoing relief rally in the crypto market, negative news seems to be never-ending. The latest to make it to the headline today is Gemini, as the crypto exchange company has reportedly cut down another 10% of its global staff according to a recent report published by The information citing an internal message. This […] дальше »

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Gemini sheds 10% of staff in 3rd layoffs in 8 months

Crypto exchange Gemini is set to cut 10% of its staff, The Information reported January 23, citing internal slack messages. The post Gemini sheds 10% of staff in 3rd layoffs in 8 months appeared first on CryptoSlate. дальше »

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Bitcoin’s “hedge” narrative is dead, as speculative price action continues

Key Takeaways Crypto has risen to start the year off the back of expectations that interest rates may be cut sooner than anticipated This contrasts with the view that crypto is uncorrelated, proving it false Assessing the price action of crypto through the pandemic and subsequent rate-raising cycle shows an extremely risky asset class that […] The post Bitcoin’s “hedge” narrative is dead, as speculative price action continues appeared first on CoinJournal. дальше »

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Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts

Analysts from Moody’s and JPMorgan hailed the exchange for its strong reputation but said it wouldn’t be enough to solve its profitability woes. дальше »

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Compass declines to retrieve crypto miners’ equipment from Russia, gets sued

Compass Mining cut off the connections with the Russian mining business BitRiver and neglected to return clients’ bitcoin machines, citing an inapplicable US sanction as the reason. Customers are now suing it for nearly $2 million, alleging fraud. A court… дальше »

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BNB muted despite BNB Chain’s burn of $600M worth of tokens

BNB worth more than $600 million have been removed from circulation, Binance announced on Tuesday. This was the 22nd BNB burn, with data showing over 44 million BNB tokens have been cut from the total supply. дальше »

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Shiba Inu’s Shibarium Renews Bullish Momentum For ‘$0.001 SHIB’ As Massive Token Burn Expected

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Blockchain.com Slashes 28% Of Its Workforce Amidst Crypto Downturn

Crypto brokerage company Blockchain. com is among the recent companies within the industry that have planned to cut their workforce. Multiple crypto businesses have been severely impacted by the crypto winter, forcing them to lay off a large number of employees. дальше »

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What do layoffs at Crypto.com mean? Crypto winter rages on

Key Takeaways Crypto. com is laying off 20% of its workforce, having cut 5% last summer Fellow exchanges Coinbase, Kraken, Huobi and Swyftx have all downsized over last month Tech sector as a whole is laying off thousands, with Amazon, Salesforce, Meta and Twitter just a few of the big names Crypto sector misjudged its vulnerability […] The post What do layoffs at Crypto. дальше »

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Tesla Slashes Its Car Prices in US and Europe

Coinspeaker Tesla Slashes Its Car Prices in US and Europe This latest price cut by Tesla is becoming a trend and it represents almost the third time the firm will be slashing its car prices around the world. Tesla Slashes Its Car Prices in US and Europe дальше »

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The outlook for crypto is not horrible, but it’s not great, says Mike Novogratz

Galaxy Digital’s Mike Novogratz says that the outlook for crypto is not looking great at the moment. More companies will cut costs to survive this bear period, he added. He previously stated that crypto is facing a deficit of trust. дальше »

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Coinbase Institutional Business Thrives Despite Continued Layoffs

Coinbase CEO Brian Armstrong announced that the exchange will cut 950 staff as its custody business onboards a new investment platform. The post Coinbase Institutional Business Thrives Despite Continued Layoffs appeared first on BeInCrypto. дальше »

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Ethereum Software Firm ConsenSys to Cut Upwards of 100 Staff

The news comes the same day crypto exchange Coinbase said it was cutting almost 20% of its workforce. дальше »

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Coinbase to lay off another 20% of its workforce

Coinbase Global Inc (NASDAQ: COIN) has announced it will cut jobs again as it bids to minimise costs after a brutal crypto winter. Brian Armstrong, the co-founder and CEO of Coinbase, said in a blog announcement on 10 January that the layoffs are part of the company’s plans to cut operating costs in 2023. дальше »

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Coinbase announces another fresh round of layoffs

Coinbase, one of the largest crypto exchanges in America, announced another round of layoffs earlier today. In a blog post, CEO Brian Armstrong stated that the exchange would further cut its total empThe post Coinbase announces another fresh round of layoffs appeared first on AMBCrypto. дальше »

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Hong Kong Firm With Ties to Bitmain Reorganizes to Focus on Crypto Asset Management and Hedging

Newly-named Metalpha has its work cut out for it, hedging an uncertain market for institutional clients. дальше »

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Signature Bank Downgraded at Jefferies Due to Shrinking Crypto Business

The cut to hold by the formerly bullish analyst team comes after the stock has suffered a 67% year-over-year decline. дальше »

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Twitter axes international staff in charge of global content moderation

Ella Irwin, Twitter’s vice president of trust and safety, told reporters that the social media giant had slashed some of its trust and safety staff last week due to slow volume growth. Twitter has reportedly cut more staff in charge… дальше »

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Crypto Bank Silvergate Downgraded by Wall Street Banks, Moody's After Q4 Results, Shares Slump

The Wall Street bank cut the stock to “neutral” from “overweight” and slashed its price target to $14 from $30. дальше »

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Genesis Global Dismisses Additional 30% of Staff

Coinspeaker Genesis Global Dismisses Additional 30% of Staff Genesis conducted the latest staff cut after the company informed clients about "reducing costs and driving efficiencies" amid challenging times for many crypto firms. дальше »

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Crypto lender Genesis lays off 30% more staff: Report

Genesis announced in August that it planned to cut its then-260-person workforce by 20%, with CEO Michael Moro moving into an advisory role. дальше »

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MicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate's Woes

Silvergate also cut 40% of its staff and has written off the $196 million related to its Diem acquisition. дальше »

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Crypto Layoffs: Here's the Grim Count Since April

As a bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff. дальше »

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Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report

Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees.

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Gaming Giant Animoca Scales Back to $1B Web3 Funding Amid Weak Market

Web3 funds have slimmed down after the FTX collapse. Gaming giant Animoca Brands has cut its fundraising target to $1 billion this quarter. The post Gaming Giant Animoca Scales Back to $1B Web3 Funding Amid Weak Market appeared first on BeInCrypto. дальше »

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